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Nussir ASA announces the sale of 93.55% of its shares to TSXV-listed Blue Moon Metals Inc. in a US$55.3 million share exchange transaction

Fasken
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Overview

Client

Nussir ASA

On February 26, 2025, Nussir ASA (Nussir), a private Norwegian mining company with copper-silver-gold mining assets in northern Norway, completed the sale of 93.55% of its shares to Blue Moon Metals Inc. (Blue Moon), a TSXV listed mining company, for consideration of approximately US$55.3 million. The consideration was satisfied by the issuance by Blue Moon of shares at a deemed price of C$0.30 per share to Nussir shareholders. Blue Moon completed a concurrent brokered private placement for proceeds of C$30 million. On completion, Nussir shareholders held approximately 47.29% of the issued and outstanding shares of Blue Moon.

Fasken advised Nussir with a team led by Jodi Katz and included Steve Saville, Stephen Vincelli and Sukhvir Gill.

 

Jurisdictions

  • Canada
  • Norway

Team

  • Jodi Katz, Partner | Managing Partner, London, London, +44 (0)20 7917 8579, jkatz@fasken.com
  • Steve Saville, Partner | Corporate/Commercial, Vancouver, BC, +1 604 631 3150, ssaville@fasken.com
  • Stephen Vincelli, Associate | Corporate/Commercial, London, +44 (0)20 7917 8516, svincelli@fasken.com
  • Sukhvir Gill, Associate | Corporate/Commercial, Vancouver, BC, +1 604 631 4998, sgill@fasken.com